At the invitation of African Business (IC PUBLICATIONS), the Club Afrique de la Presse Parisienne and IPEMED (Institute for Economic Prospective of the Mediterranean World), Dr Edoh Kossi AMENOUNVE hosted a breakfast with around thirty journalists at La Coupole, this October 17, 2019 in Paris. Mr. Amenounve took this opportunity to provide an overview of the recent development of African economies and their long-term growth prospects before presenting the progress of the integration projects in progress (ZLECA, ECO, WACMIC, AELP etc). He insisted on the need to support economic and trade integration projects with banking and capital market integration projects for better results. He found the idea of the Africa-Mediterranean-Europe Integration Vertical interesting, “which must go beyond business opportunities to foster the freedom of movement of capital for investment in infrastructure and the private sector”.

With regard to the BRVM, he made a plea to European institutional investors (pension funds, insurance companies, etc.) to take more interest in portfolio investment in Africa to supporting FDI and the action of Private Equity funds. Presenting the recent evolution of the BRVM and the downward trend observed over the past three years, he indicated that this has made the market more attractive with a relatively low PER (9.40 for the entire market on October 14, 2019 against 24 25 in 2016 and 7.31 for SONATEL against 11.31). He underlined that the solidity of the fundamentals of the countries concerned and their long-term development prospects should reassure European investors. He therefore invited them to invest in the BRVM, which continues to deploy the necessary actions to improve its liquidity and depth. With regard to the African diasporas, he invited them to be ready to participate massively in future market operations (bond loans, privatizations) in order to be real players in long-term investment in Africa and benefit from the wealth created on the continent.

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